Recent bright spots in the economy haven't stopped the cascade of pinks slips coming from some of the country's best-known employers.
IBM is reportedly slashing 5,000 jobs, Google has said it will trim nearly 200 positions and the New York Times will cut 100 employees and institute 5 percent pay cuts for most of its staff in exchange for 10 days of leave.
News of the layoffs comes in the wake of some encouraging signals for the U.S. economy: Sales of new and existing homes rose unexpectedly...Full Story